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Pension Help
I have an endowment that I used to use for my mortgage - before I got the shortfall letter. I converted to a repayment mortgage but kept paying the endowment as a savings plan. Can I do something to get pension savings tax relief from this endowment?
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How Much NI Am I Supposed To Pay Each Year?
In 2005-2006 I earn't just over £7000 and paid £589.91 national insurance. My pension forcast says I need to pay £382.20 class 3 contruibutions (that's the full amount of £7.35 per week). So how much National Insurance am I supposed to pay each year? I though that because I earn't over £4,888 and paid NI on it than I…
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Is University pension (USS) good?
Dear All, Could you please advise me on University pension scheme (USS), should I take it or not? I just got employed at a University (and most likely to be an academic for the rest of my life). I know that there is employer's contribution to USS, but on the other hand it is less flexible than personal pension and I cannot…
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Any experience of Wrap Accounts
I have had my pensions reviewed and am faced with a couple of options to take forward. The first is to transfer bits and pieces to better performing funds or companies, and the second is to realise the funds from the lot, and place the entire pot in a wrap account. In brief, my understanding of this second option means…
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Pension arrangments while working outside UK
I'm a British citizen and have lived/worked in the UK for all my life until I got transferred with work to Vienna in October 05. I'm no longer a UK tax resident and pay local Austrian taxes. I expect to remain outside the UK for at least a full UK tax year. My employer has switched me to our local Austrian pension scheme,…
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What are the cardinal rules of pensions?
I admit to being totally nieve when it comes to pensions and think they are a minefield. Is there anywhere you can get a simple guide? The responses on the thread responding to Martin's article has totally changed my perceptions and I want to find out more. Some of cardinal rules seem to be:
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annuity v drawdown
hi, i am right in thinking that you can do either with a fund, and what are the merrits of each, cheers
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tax free cash
hi, i have a pre 87 executive pention, is it easy to calculate the tax free cach i can draw as i understand it may be more than the 25% norm, i am trying to make sure i have enough in the fund to draw the max, cheers.
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Do you think you'll be able to work till you're 68?
I'm visualising me working till I'm 68 - not a cheery picture. Will I have a hearing aid, walking stick and a crabby nature :mad: or will I be one of the ones who look 38, go jogging and zip through Mensa puzzles? :confused: Who knows?
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Help - What are Particular Funds Used For
Have used the site now for a wee while and am interested if anyone could help me with a website, some information or an explanation as to what these funds feed. I.E.ISA-PENSIONS ETC. I would imaging that you can only invest in the pension funds if you have a pension. But you can use the UT/Oeic in a tax efficiant manner…
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Can I pick a brain or two pls?!
Hi all, These are the two pensions available at my work at present, which one is the "best" it might as well be in Japanese for all I know about blimmin' pensions. Ta! I am a female, 28 years old, married, in full-time employment. Don't currently have a pension. Also, how much should I be putting in? Thanks for your help!!…
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Drawdown
I womder if any kindly soul could direct me to a thread explaining how this works as a way of receiving a pension?Thanks.
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pension after divorce settlement
Hello...please can someone ease my worried brain? I'm almost divorced and need to sort my money out. Have agreed the settlement with his lawyer and mine, but am panicking as to what to do next. Ex is paying a share of his NHS pension to me I have a tiny NHS pension which I'm waiting to get the cash transfer value of. I…
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Company Group Pension - Yea or Nay?
First post from a long time 'lurker' - please be gentle! I am 50 years old and recently left the Armed Forces with a pension of approx. £16,000 per year, index linked from age 55. We own our home outright and have approx. £40k in saving, all invested in line with Martin's 'money fountain'. I have started a new job, with a…
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State pension for women
My wife has just started receiving the state pension. She only has 32 years qualifying therefore does not get the full pension. Does anyone know if, when the new rules come into effect reducing the qualifying period to 30 years instead of 39, she will get full pension?
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Company moving pay office abroad NI contributions?
can anyone tell me what happens to my NI contributions when my company has moved its pay office abroad. I have been told that there may be a shortfall in my state retirement pension fund. The company no longer contributes its share of NI to the government. Clarification please. :cool:
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Signed uo for a pension - Have i done right thing?
First post on here but have been lurking for ever! I hope this isn't too long or boring but having ready many threads I've seen that the experts like as much info as possible. I'm 29 years old and finally decided to start a pension. My IFA recomended a Scottish Life pension plan and opting out of SP2. I decided on a…
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More To Retirement Than Money
A MODEST LIBRARY Forty years ago this month I became confronted, overwhelmed, by the world of print, of ideas, of academic life. Not that it was new, for I had just completed 13 years of primary and secondary schooling and achieved second class honours. But this new world, the world of university, required a new, a…
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How do I interpret my pension forecast? – Not enough contributions
I have received my pension forecast and it say I have not paid enough NI contributions in 4 of the last 10 years. It has a table: 2005/2006 £382.20 2004/2005 £371.80 2000/2001 £281.65 1999/2000 £154.80 I’m only 26 so I gues I have to top some of that up. I have a few of questions: 1 – Is that amount a cumulative amount –…
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Annuity Advice
I am now 50 and have opted back in to SERPS. I can buy an annuity with my fund of £51,328 but can I do this without paying charges as I need no advice and know what I want :confused: Also, should I take the 25% tax free lump sum or buy an annuity with the whole fund? Thanks in advance...
